09:03 AM EDT, 05/02/2024 (MT Newswires) -- Technology stocks were gaining pre-bell Thursday as the Technology Select Sector SPDR Fund ( XLK ) was up 1.4% and the SPDR S&P Semiconductor ETF ( XSD ) was 5.8% higher recently.

Freshworks ( FRSH ) shares shed nearly 30% in value after the company said it now expects full-year revenue of $695 million to $705 million, down from $703.5 million to $711.5 million anticipated earlier.

Informatica ( INFA ) shares advanced 4.6% after the company reported higher Q1 non-GAAP earnings and revenue.

First Solar ( FSLR ) shares were up more than 1% after the company reported higher Q1 earnings and net sales.